Over the last two observations, the average price per unit (PPU) is forecast to significantly increase in all segments. As part of the positive trend, the PPU reaches the maximum value for both segments at the end of the comparison period. Particularly noteworthy is the segment Out of home, which has the highest value of 527.57 U.S. dollars.
Data provided by Statista Market Insights are estimates.
The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Ready-to-Drink Tea beverages are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue.
The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafés, bars and similar hospitality service establishments. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. One cup of tea is assumed to contain 2 grams of tea. One kilogram therefore represents 500 cup equivalents. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. This means, market totals are not comparable to published data from prior years.
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Statista. (June 1, 2023). Price per unit of tea in Canada from 2012 to 2025, by segment (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment
Statista. "Price per unit of tea in Canada from 2012 to 2025, by segment (in U.S. dollars)." Chart. June 1, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment
Statista. (2023). Price per unit of tea in Canada from 2012 to 2025, by segment (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment
Statista. "Price per Unit of Tea in Canada from 2012 to 2025, by Segment (in U.S. Dollars)." Statista, Statista Inc., 1 Jun 2023, https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment
Statista, Price per unit of tea in Canada from 2012 to 2025, by segment (in U.S. dollars) Statista, https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment (last visited November 21, 2024)
Price per unit of tea in Canada from 2012 to 2025, by segment (in U.S. dollars) [Graph], Statista, June 1, 2023. [Online]. Available: https://www.statista.com/forecasts/1305811/canada-price-per-unit-of-the-tea-market-by-segment